Speciner v. Chase Manhattan Bank, N. A.

*20OPINION OF THE COURT

Harold Hyman, J.

Petitioner, the assignee for the benefit of creditors, proceeding in form by special proceeding, seeks judgment directing the respondent, Chase Manhattan Bank, to "turn over $9,383.24 and account to the Assignee (for) all funds received by it on or about April 3, 1978, and subsequent thereto, on account of an antecedent debt of Big A Distributors, Inc.” (assignor). Petitioner claims that said funds were received by respondent within four months of the making of the assignment for the benefit of creditors as a "preferential transfer”.

Respondent contends: (a)…